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Higher Education Facilities Capital Matching Grants Program

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Agency Web Site: http://www.dasny.org/finance/grantadministration/hecapboard.aspxLink to External Website

Mission

The FY 2006 Enacted Budget authorized the creation of the $150 million Higher Education Facilities Capital Matching Grant Program (HECap) to support capital projects at the State's various independent colleges and universities. Projects were selected through a formula-driven process and were required to have a three to one (non-State to State) dollar match by eligible academic institutions. Legislation enacted in 2013 extended the HECap program and established a competitive process for grant awards moving forward.

Organization and Staffing

The HECap Program is governed by a three-member Board appointed by the Governor, one of whom is appointed upon the recommendation of the Temporary President of the Senate, and one of whom is appointed upon the recommendation of the Speaker of the Assembly. The Dormitory Authority of the State of New York (DASNY) acts as staff to the board as well as administering grant awards.

Budget Highlights

The FY 2020 Executive Budget includes $122 million in reappropriation authority for HECap projects not yet fully disbursed. Once fully implemented, HECap will leverage more than $810 million in external funds to match the State’s $270 million investment across all four rounds, thereby providing for a combined capital program totaling $1.1 billion. The State’s share of the program is financed through the issuance of bonds.

Program Highlights

HECap grants have supported more than 205 projects at private institutions. Grant funding has been used to improve critical academic facilities, drive economic development and high technology projects as well as foster urban renewal and historical preservation.

ALL FUNDS
APPROPRIATIONS
(dollars)
Category Available
FY 2019
Appropriations
Recommended
FY 2020
Change From
FY 2019
Reappropriations
Recommended
FY 2020
Capital Projects 30,000,000 0 (30,000,000) 121,661,000
Total 30,000,000 0 (30,000,000) 121,661,000

CAPITAL PROJECTS
ALL FUNDS FINANCIAL REQUIREMENTS BY PROGRAM
APPROPRIATIONS
(dollars)
Comprehensive Construction Program Available
FY 2019
Recommended
FY 2020
Change Reappropriations
FY 2020
Higher Education Capital Matching Grants
Capital Projects Fund - Authority Bonds 30,000,000 0 (30,000,000) 121,661,000
Total 30,000,000 0 (30,000,000) 121,661,000

Note: Most recent estimates as of 1/15/2019

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